VIRGINIA RETIREMENT SYSTEMS ET Al Buys 20,400 Shares of AvalonBay Communities, Inc. $AVB

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 15.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 150,160 shares of the real estate investment trust’s stock after buying an additional 20,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in AvalonBay Communities were worth $27,226,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of AVB. BOKF NA bought a new stake in shares of AvalonBay Communities during the 3rd quarter worth about $31,000. AlphaQuest LLC bought a new stake in shares of AvalonBay Communities during the 3rd quarter worth about $33,000. Headlands Technologies LLC bought a new stake in shares of AvalonBay Communities during the 2nd quarter worth about $36,000. Fulcrum Asset Management LLP bought a new stake in AvalonBay Communities in the 3rd quarter valued at about $37,000. Finally, Tradewinds Capital Management LLC bought a new stake in AvalonBay Communities in the 4th quarter valued at about $45,000. Institutional investors own 92.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AVB shares. Deutsche Bank Aktiengesellschaft downgraded shares of AvalonBay Communities from a “buy” rating to a “hold” rating and set a $172.00 price objective for the company. in a report on Tuesday, January 20th. Citigroup cut their price objective on shares of AvalonBay Communities from $212.00 to $198.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Morgan Stanley reissued an “equal weight” rating and issued a $203.00 price objective (down from $208.00) on shares of AvalonBay Communities in a report on Thursday, March 26th. Scotiabank cut their price objective on shares of AvalonBay Communities from $193.00 to $190.00 and set a “sector perform” rating for the company in a report on Wednesday, March 4th. Finally, Barclays cut their price objective on shares of AvalonBay Communities from $206.00 to $203.00 and set an “overweight” rating for the company in a report on Monday. Four research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $197.27.

AvalonBay Communities Price Performance

Shares of NYSE:AVB opened at $186.45 on Thursday. The firm has a 50 day moving average of $172.65 and a 200-day moving average of $176.61. The stock has a market capitalization of $25.94 billion, a PE ratio of 27.02, a PEG ratio of 3.22 and a beta of 0.79. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.80. AvalonBay Communities, Inc. has a 12 month low of $160.10 and a 12 month high of $209.86.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 EPS for the quarter, missing the consensus estimate of $2.80 by ($0.47). The firm had revenue of $770.28 million during the quarter, compared to analyst estimates of $768.80 million. AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. During the same quarter in the previous year, the firm posted $2.83 earnings per share. On average, equities research analysts predict that AvalonBay Communities, Inc. will post 11.31 EPS for the current fiscal year.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.